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Japan, Australia to sanction North Korean bank as part of U.S.-led crackdown

Japan and Australia plans to foreign trade sanctions against north Korea in Pyongyang's main foreign exchange bank in Washington, said it has the role of finance in the country's nuclear programme, part of the us-led efforts.
In Tokyo, the Japanese government sources said, may be in the next two to three weeks. In Canberra, Australia's foreign ministry sources said that sanctions could also launch soon.
A senior U.S. official said the Obama administration is trying to convince other countries the government crackdown on bank, after Washington announced its own measures.
Washington has urged the European Union to take action, the U.S. state department official said on Monday. David Cohen, the Treasury for terrorism and financial intelligence, told reporters that he raise the issue with Chinese officials in Beijing bank, last week, although he said nothing, their reactions.
Experts said that the United States the aim is to make the deal with foreign trade business is a bank of foreign bank in the United States look before you leap, in the same manner, has become a worry that the sanctions hit Iran bank related financial institutions.
"Obviously, we are very early on, bank, this is for north Korea's financing capacity and funds", the key to their nuclear program and ballistic missile programs, senior U.S. officials, who spoke on condition of anonymity. "So decided it is wise to do everything, we can make efforts to pressure diffusion and their WMD (weapons of mass destruction), the pressure on the bank's efforts."
Not a lot of bank is open. A south Korean experts say, it also deals with legitimate trade and investment with China. State department official said, the embassy business bank with some eu countries embassy in Pyongyang.
Senior officials in the United States and the United Nations, diplomats said Washington has asked the United Nations security council on February 12, new sanctions on north Korea's nuclear test, including the bank, but China and Russia oppose. They did not say why Beijing and Moscow refused the proposal.
Whether Russia's u.n. mission in New York city, also does not conform to China's a immediately available for comment. Russia and China are wielding veto in the security council.
The United States declared a unilateral measures of silver lines of a few days later, the United Nations passed a resolution on March 7th. Washington has taken measures to American companies or individuals are prohibited to any transactions between Banks with north Korea.
reputation
Japanese government sources said, in Tokyo, is expected to be announced sanctions legal documents directly after know.
"(bank) have no branch, in Japan, the reasons behind such a move is mainly trying to get as much reputation damaged, may be," the source said, referring to any agency can do banking.
In Canberra, the foreign ministry sources said the sanctions would apply to prevent foreign trade bank business in Australia. , according to a sources said talks with bank representatives declined to reveal what measures or is happening.
Bob carr, minister of the ministry of foreign affairs office, said regulators have yet to find any record so far foreign trade bank branch in Australia. Australia has diplomatic relations with north Korea. Japan won't.
"We will continue to review our system of sanctions on north Korea, including further tightening of financial sanctions, a spokeswoman said:" to Carl.
Senior U.S. officials said the campaign in the United States is not a means to force, but is aimed at the interpretation of the bank of Washington's concerns, and suggested to other countries to take similar action. Do this in the United States, and warning to other countries and the bank's reputation risk, in its drive to cut off Iran's access to the global financial system.
One expert, said Washington is follow up United Nations sanctions on its own, more drastic measures, this means that, after specific entities, and to separate them.
"Countries must then decide whether or not to do business with north Korea, or to do business with other financial society, said:" mark Dubowitz from defending democracy foundation, based in Washington, d.c., he has been told that the Obama administration has focused on Iran sanctions.
As usual, China's key
New UN sanctions on north Korea to strengthen the financial side of the road, including illegal transfer of large amounts of cash, blow it tried to ban cargo shipping and receiving.
One of the challenges is to prevent transfer of large amounts of cash, the United Nations, diplomats said north Korean funds transfer one of the preferred way - often in its diplomats carries a briefcase. Foreign trade bank sanctions could force north Korean diplomats carry more cash, make them the risk of capture, the Japanese government sources said.
New measures the success of the UN depends largely on China, north Korea diplomatic only ally and its main trading partners.
However, China has become more and more disappointed, to China, experts say. Except for the recent nuclear test and firing a long-range missile, in December, and strengthen the expression of the United States and South Korea.
Zhao Fengxuan, north Korea's economy at the seoul-based IBK economic research institute, experts say, China could take action to a bank, but not to shut it down. China's actions are likely to include limits on bank's business in China, on the one hand makes it more difficult to transfer money, Cho said.
Effect significantly, it could mean that the flow of money through the bank would have dried up. Most of all, China is impossible to implement such action indefinitely, "he said."
U.S. state department official, briefing reporters on Monday in Brussels, he could not be determined further, said the eu sanctions is complex, because of some European countries' Banks in Pyongyang.
Non-governmental organizations (ngos) and humanitarian organizations can also use the bank, he said, and added: "we don't intend to do after, as the work of ngos."
Eu sources said that the current eu sanctions list. Sources said the eu diplomats are expected to discuss additional sanctions soon.
Comparison of senior U.S. officials on foreign trade bank, the United States in 2005 to banco delta Asia (BDA), Washington accused Pyongyang of dealing with the illegal funds. About $25 million in north Korean funds frozen, the us Treasury inspiration raid.
Foreign trade bank and Beijing economic and technological development zone, is north Korea's domestic institutions.
"This is to block their financial system operation ability" of the nuclear and missile field, senior U.S. officials said.
 



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